Blockchain is starting a revolution in money. The blockchain should be liquidity with bit characteristics, not currency characteristics.
According to the Radcliffe report that only liquidity is the transmission mechanism through which monetary policy affects the economy, peoples spending is not limited by the amount of money in existence, but is only related to the amount of money that people expect them to get. It may be earned as income, through the sale of assets, or borrowed.
Hair Ball TechnologyHair Ball Technologysecondary title
Only liquidity is the transmission mechanism of blockchain value
Generally speaking, the liquidity of currency refers to the ability of currency to be realized quickly without loss in the process of circulation. With the intensification of the informatization process, the currency is required to have more convenient and fast transactions, and the liquidity of banknotes is now far lower than that of electronic currencies.
In the era of Internet finance, liquidity can be fully interpreted as the flow of information beyond the value expressed in the form of banknotes.
We all know that the central bank constitution cannot survive without control of the information flow behind the value. Because the essence of the central banks monetary policy is to control the flow of value information, or simply deny the information flow. This is also one of the reasons why inflation has increased over the past few years.
The reason why the liquidity of electronic money is gradually stronger than that of paper money is that the value of paper money before the prosperity of the Internet is because it can provide higher value than information flow such as gold and silver. Therefore, the essence of electronic currency is direct value exchange, and the form carrier is the information exchanged by digital signals through the network. This is completely consistent with the characteristics of liquidity.
Although there was no way to know the situation of the blockchain in the last century, based on the liquidity analysis, it is still possible to accurately grasp the value characteristics of the future generations of currency. But now for the blockchain, most people talk about its technical aspects, and rarely touch on the value content.
secondary title
Is the blockchain a distributed general equivalent, or a distributed specific use value
The blockchain can record and measure the currency flow facts of transactions in a distributed manner. In the distributed transaction recording system based on blockchain technology, each node becomes an independent product consumer, and each subject is equally decentralized to make decisions, and all transactions are made public. , transaction nodes can be anonymous, ensuring the security of node accounts, decentralized management without a central server, avoiding expensive operation and maintenance costs, and reducing costs.
Although the blockchain is formally decentralized compared with the currency, the liquidity it handles,Still based on general equivalents.
We all know that the emergence of the blockchain is based on the increasingly serious centralization problem. From the perspective of the general equivalent theory, the emergence of general equivalents is because the equivalents of the existing value forms cannot meet the growing exchange needs, so a new equivalent is required. , to make up for the shortcomings of existing equivalents.
French biologist Jacques Monod mentioned in Necessity and Contingency published in 1970: the development of things is inevitable. It goes without saying that the blockchain is designed to be a liquid ledger of general equivalents.
Of course, according to Jiang Qiping’s view of “Blockchain and Currency Philosophy” from the Informatization Research Center of the Chinese Academy of Social Sciences, the blockchain is now only a distributed system designed as a general equivalent. Future mobility will need to reflect value in utilization, use, and service applications. Therefore, the Maoqiu Technology Research Department believes that the future blockchain should not only reflect the distribution of technology, but should also be reflected in specific value applications.
Heidegger put forward a philosophical concept in his masterpiece Being and Time: Dasein. It is best used here to describe the blockchain, that is, God will not be willing to be a means of accounting, and he wants to live in the present and the purpose of being here.secondary title
If the blockchain is no longer a general equivalent, how to look at liquidity
Hair Ball Technology
Hair Ball TechnologyReferences:
References:
1. Jiang Qiping. Blockchain and the Development of Currency Philosophy
2. Liu Bo, Sheng Songcheng. On the Monetary Theory in the Radcliffe Report
3. Baidu Encyclopedia. General Equivalents
